Wednesday, April 2, 2014

Asst Year 2014-15

  1.   Cached
    The direct tax code is unique in its approach in so far it prescribes a threshold limit of Rs.50 Crore. But it is to be understood only in respect of two taxabl
 Income Tax Deductions Chart for A.Y. 2014-15/ 2015-16 for Salaried

 PPF   Cached
5 common questions about PPF, answered! ... The maturity period is 15 years from the close of the financial year in which the initial subscription was made.

Only addl. Qn: If need the money immediately, can you close the a/c on maturity i.e. 31-3-14 and open a new a/c for another 15 Years ?

on payments made and lying with builder ; no liability: *

'asset held by assessee'= not so held
* further to rely on
amnts withdrawn from bank a/c s and paid to promoter/utilised  for- no longer 'monies' (asset') held by tp, being not in his domain/control  ! 

contra ? read closely >


2(ea)(i)(4) : any residential property that has been let-out for a minimum period of
three hundred days in the previous year;

More : Also look-up. Ready Reckoner (2013-14)


Return Preparation Utility (RPU) V 3.9 and File Validation Utility (FVU) V 4.2 & 2.138 released

On CGTe'book


L&T's  benevolent gersture this ?!

Income-tax Hand Book And Ready Reckoner

L&T Finance has issued a Tax hand Book which contains a ready-referencer of all important legal provisions and tax rates. For instance, one glance will tell you the important provisions applicable while computing salaries, capital gains, house property income, etc. There is also concise section dealing with the withholding tax and the TDS rates on various payments. There is also succinct information on the taxation of Limited Liability Partnerships (LLPs), NRIs and trusts.

The Hand Book will prove very useful to tax professionals. It can be stored on the smart phone for ready reference at a time when the Act may not be available.

A Quick Primer on Financial Planning for Beginners in the Year 2014-2015


Tax Return forms

DOWNLOAD FORM SAHAJ (ITR-1) FOR A.Y. 2014-15 / F.Y. 2013-14

DOWNLOAD FORM ITR-2 FOR A.Y. 2014-15 / F.Y. 2013-14

DOWNLOAD FORM SUGAM (ITR-4S) FOR A.Y. 2014-15 / F.Y. 2013-14

DOWNLOAD FORM ITR-V FOR A.Y. 2014-15 / F.Y. 2013-14

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